Monitoring for and trading a breakout

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Monitoring for and trading a breakout

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A common concept many traders use is the idea of a breakout. Points of interest are when the price breaks out from a consolidation range or from previous highs and lows.


Key concepts in this example

Determining and storing the first 30 bar high

Submitting a long stop order to be filled when price breaks out from the 30 bar high

Closing positions after a certain amount of bars have passed

Resetting the 30 bar high at the start of every new trading session


Important related documentation






Import instructions

1.Download the file contained in this Help Guide topic to your PC desktop

2.From the Control Center window, select the menu Tools > Import > NinjaScript

3.Select the downloaded file